Texas § 8342.004 CONSENT OF MUNICIPALITY AND DEVELOPMENT AGREEMENT REQUIRED.

Texas Statutes

§ 8342.004 — CONSENT OF MUNICIPALITY AND DEVELOPMENT AGREEMENT REQUIRED.

Texas § 8342.004

Code SDSpecial District Local Laws Code

This text of Texas § 8342.004 (CONSENT OF MUNICIPALITY AND DEVELOPMENT AGREEMENT REQUIRED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Special District Local Laws Code Code Ann. § 8342.004 (2026).

Text

Sec. 8342.004. CONSENT OF MUNICIPALITY AND DEVELOPMENT AGREEMENT REQUIRED.

(a)The temporary directors may not hold an election under Section 8342.003 until each municipality in whose corporate limits or extraterritorial jurisdiction the district is located has:

(1)consented by ordinance or resolution to the creation of the district; and

(2)entered into a development agreement with the majority owner of the assessed value of the real property in the district.

(b)If a development agreement required under Subsection (a)(2) has not been entered into before September 1, 2010:

(1)the district is dissolved September 1, 2010, except that:

(A)any debts incurred shall be paid;

(B)any assets that remain after the payment of debts shall be transferred to Hood County; and

(C)the organization of

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Sec. 8342.004. CONSENT OF MUNICIPALITY AND DEVELOPMENT AGREEMENT REQUIRED. (a) The temporary directors may not hold an election under Section 8342.003 until each municipality in whose corporate limits or extraterritorial jurisdiction the district is located has:
(1) consented by ordinance or resolution to the creation of the district; and
(2) entered into a development agreement with the majority owner of the assessed value of the real property in the district.
(b) If a development agreement required under Subsection (a)(2) has not been entered into before September 1, 2010:
(1) the district is dissolved September 1, 2010, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to Hood County; and
(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2013.